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Deep Yellow Limited (ASX:DYL) 2021 Annual Report - ABN Newswire (@ABN_Newswire)

Deep Yellow Limited (ASX:DYL) 2021 Annual Report - ABN Newswire (@ABN_Newswire)
abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.

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Deep Yellow (ASX:DYL) raises $41M to complete DFS at Tumas

Deep Yellow (ASX:DYL) raises $41M to complete DFS at Tumas
Source: Business News
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Deep Yellow (DYL) has raised around $40.8 million to pursue various growth opportunities at its flagship Tumas Project and other assets in Namibia
The company issued just over 62.7 million shares to sophisticated and institutional investors at a price of $0.65 each
A further $2 million is expected to come from a share purchase plan, which closes on March 18 this year
The proceeds will be used to complete a Definitive Feasibility Study at the Tumas Project along with various exploration work at the Reptile Project and the Nova joint venture ....

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Deep Yellow Limited (ASX:DYL) Successful Placement of $40.8M to Fund Future Growth

Deep Yellow Limited (ASX:DYL) Successful Placement of $40.8M to Fund Future Growth
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Deep Yellow Limited (ASX:DYL) Proceeding with Tumas DFS Following Positive PFS

Deep Yellow Limited (ASX:DYL) Proceeding with Tumas DFS Following Positive PFS

Proceeding with Tumas DFS Following Positive PFSPerth, Feb 10, 2021 AEST (ABN Newswire) - Deep Yellow Limited (
OTCMKTS:DYLLF) is pleased to announce the completion of the Tumas Pre-Feasibility Study (PFS).
The PFS evaluated the potential of the calcrete-associated uranium deposits located within the Tumas palaeochannel (Tumas Project or Tumas) in the Company s 100% owned Reptile Project (EPLs 3496 and 3497), located in Namibia, (see Figure 1 ).
Importantly, the PFS has delivered encouraging results, in line with the assumptions determined and announced from the preceding Scoping Study (SS) that was completed in January 2020.
The SS was a critical milestone which identified a project with clear potential to meet the Company s publicly stated investment criteria of: ....

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